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Guyana’s first local content institute to train over 1,000 persons per year

OilNOW -
Early next year, the Guyana government intends to establish its first National Training Institute that will focus on increasing the nation’s local content footprint in the oil sector. Noting this recently was Vice President, Dr. Bharrat Jagdeo. The former...
News

Chamber calls for Local Content Commission to monitor, enforce policy and regulations

OilNOW -
As the Georgetown Chamber of Commerce and Industry (GCCI) awaits the implementation of a Local Content Policy and legislation as promised by the government, the organisation is lobbying for the establishment of a Local Content Commission to ensure that...
News

Draft Local Content Law: Guyanese suppliers to benefit from 152 oil sector services

OilNOW -
The Government of Guyana is already in the advanced stages of completing its draft Local Content Legislation which outlines a sliding scale of targets to be achieved by petroleum companies and their subcontractors. The document proposes that Guyanese should be...
News

U.S. looking forward to finalised local content policy, wealth fund legislation – Ambassador Lynch

OilNOW -
The Government of the United States of America is looking forward to the finalisation of Guyana’s Local Content Policy, as well as amendments to the legislation on which the country’s Natural Resources Fund (NRF) has been established. This is...
News

Local Content Bill to be tabled soon, institutional arm being created – Gossai Jr.

OilNOW -
Guyana’s much-anticipated local content legislation appears is close to fruition with an announcement by Senior Petroleum Coordinator at the Ministry of Natural Resources, Bobby Gossai Jr., that a Local Content Bill will be heading to the National Assembly when...
News

Deepwater hotspot Suriname aiming for draft local content policy by 2022

OilNOW -
Suriname, Guyana's neighbour to the east, is looking to draft its local content policy by early 2022. Disclosing this was the country’s Minister of Natural Resources, David Abiamofo during his keynote address at the Suriname International Petroleum and Gas...
Exploration

Guyana government applauds ‘25 viable discoveries’, says local content remains key

OilNOW -
The Guyana government said on Thursday the latest oil discovery announced by ExxonMobil at the Cataback-1 well further enhances the country’s offshore potential, and that it is working to ensure Guyanese enjoy maximum benefits from the rapidly growing hydrocarbon...
News

Billions being spent with Guyanese suppliers even as stakeholders continue push for local content legislation

OilNOW -
As authorities in Guyana forge ahead with the finalization of a local content development framework, the largest oil and gas company operating in the country says it remains committed to building local capacity since it sees this as the...
Opinions

Local content regulations: back to the future?

OilNOW -
By Jerry Haar – OilNOW Trade and investment liberalization has been one of the hallmarks of the global economy for the last sixty years. Both industrialized nations and emerging markets have come to realize that the positive features of neoliberal...
News

Guyana local content policy will be enshrined in law, Bharrat affirms

OilNOW -
Guyana’s Minister of Natural Resources, Vickram Bharrat has assured that by the end of this year the government will commence putting into legislation its Local Content Policy. OilNOW understands that following the extended month-long consultations in March, a team from...
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Two oil nations, one engineering crisis: Guyana short, Trinidad shrinking

The challenge of producing and retaining engineers is playing out in two different ways in Trinidad and Tobago and...

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